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Lease Commitments | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Lease Commitments | 7. LEASE COMMITMENTS The Company enters into leases in the normal course of business. The Company leases its administration and operations facili ty and 17 solutions centers under lease agreements with remaining terms ranging from less than one year to 15 years. Certain leases include renewal options to extend for up to seventeen years. Right-of-use assets and lease liabilities by lease type are as follows:
(In Thousands) |  | December 31, 2023 |  |  | December 31, 2022 |
Right-of-Use Asset |  |  |  |  |  |
Operating leases |  | $ | 14,628 |  |  | $ | 10,219 |
Finance leases |  |  | 970 |  |  |  | - |
Total Right-of-Use Asset |  | $ | 15,598 |  |  | $ | 10,219 |
Lease Liabilities |  |  |  |  |  |
Operating leases |  | $ | 15,109 |  |  | $ | 10,219 |
Finance leases |  |  | 1,355 |  |  |  | - |
Total lease liabilities |  | $ | 16,464 |  |  | $ | 10,219 |
The components of total lease cost were as follows.
(In Thousands) |  | December 31, 2023 |  |  | December 31, 2022 |
Finance lease cost |  |  |  |  |  |
Right-of-Use amortization |  | $ | 7 |  |  | $ | - |
Interest expense |  |  | 3 |  |  |  | - |
Operating lease cost |  |  | 1,358 |  |  |  | 805 |
Total lease cost |  | $ | 1,368 |  |  | $ | 805 |
The following table presents information associated with our obligations under leases for the years ended December 31, 2023 and 2022:
|  | 2023 |  |  | 2022 |
Finance lease weighted-average remaining term (years) |  |  | 10.92 |  |  |  | - |
Finance lease weighted-average discount rate |  |  | 2.59 | % |  |  | - |
Operating lease weighted-average remaining term (years) |  |  | 9.72 |  |  |  | 11.0 |
Operating lease weighted-average discount rate |  |  | 4.15 | % |  |  | 5.1 | %
The following table presents the undiscounted cash flows due related to operating and finance leases as of December 31, 2023:
(In Thousands) |  | Operating Leases |  |  | Finance Leases |
2024 |  | $ | 2,073 |  |  | $ | 127 |
2025 |  |  | 1,968 |  |  |  | 138 |
2026 |  |  | 1,873 |  |  |  | 138 |
2027 |  |  | 1,829 |  |  |  | 138 |
2028 and thereafter |  |  | 10,876 |  |  |  | 1,023 |
Total Undiscounted Cash Flows |  | $ | 18,619 |  |  | $ | 1,564 |
Discount on Cash Flows |  |  | (3,510 | ) |  |  | (209 | )
Total lease liabilities |  | $ | 15,109 |  |  | $ | 1,355 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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